An investment firm is suing the South African government for selling SAA for R51.
South Africa’s government and national airline are being sued by a little-known investment firm, which wants the sale of a majority stake in the carrier scrapped and re-run due to a lack of transparency.
Yet the airline had been a drain on government finances for a decade, receiving numerous state bailouts before entering bankruptcy proceedings in 2019.ublic Enterprises Minister Pravin Gordhan initiated a sale process SAA has received notice of the Toto lawsuit and the Department of Public Enterprises will respond, a spokeswoman said in an emailed response to questions.
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